Climate Finance

Ströbel, Johannes, Stefano Giglio and Bryan Kelly
Authors registered in the RePEc Author Service: Johannes Stroebel

No 15557, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: We review the literature studying interactions between climate change and financial markets. We first discuss various approaches to incorporating climate risk in macro-finance models. We then review the empirical literature that explores the pricing of climate risks across a large number of asset classes including real estate, equities, and fixed income securities. In this context, we also discuss how investors can use these assets to construct portfolios that hedge against climate risk. We conclude by proposing several promising directions for future research in climate finance.

Date: 2020-12
New Economics Papers: this item is included in nep-env and nep-rmg
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Related works:
Journal Article: Climate Finance (2021)
Working Paper: Climate Finance (2020)
Working Paper: Climate Finance (2020)
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